The Grenada gazette. (Grenada, Miss.) 1885-18??, 1887-03-12
LOTTERIES IN FRANCE
A Gigantic Swindle In Which
Companies Are Enpay.d Vaa

The French law forbids lotteries H.,
there Is a clause in the code u,b Wv
authorizes the Government to n onn'a
them in certain cases. This NAVAL
is not the only one | could ;nain','
we're l so minded; the reason vbr
mention this one is because Of rpc.,.
exposures made in conncctiop vitI
lawsuit, wherein it was shown tbotL w.,
terry companies in France have NOW ~
pay as high as 60 per cent. commiss;o',
on the sale of their tickets. There =,
different opinions as to the mor,r,s
and ACCESSIBILITY of lotteries: Won how,
yours and have mine, and ey-ouoon
Isabella of Spain has hers also. "Nova,
slam the door in tie face of Forum
said she once. in my hearing. .U,t
is why | always buy a few tickets in
every lottery to which my attention !.
directed she added. The first Io,tsrr
authorized by the third republic wa,
that held in connection with the o,,
position of 1878; but since then j. has
authorized thirty-cight others, and In.
also permitted the sale in France Of
tickets by foreign. lottery concern
the Il of the Amsterdam exposition
These forty lotteries represent a nom.
inal capital of S4,0o0,0)o francs
hat is to say, the total 90,
of the tickets they were author.
lied to issue foot up to that sun,
the n with the largest capital being
fDr the creation of a mus cum of doco.
r,tive art, which was authorized to issra
a., 900 900 tickets of l franc each,
The first four or five of these LOTTERIES
were rapidly taken up by the public
they were, comparatively speaking
new thing, ten years having elapsed
since any lottery had been authorized.
The lottery of the dramatic artist
placed 1,600, 900 tickets in less than
week, and the Algerian's 5000 Q
tickets were all taken up inside Of five
months. But the fondness of the pub
lie for this kind of gambling soon
slackened; after a half dozen Lotteries
were drawn people began to perceive
that no matter how many tickets they
might take their chances Of winnin.
the capital prize of 200, 600 or Of 5M.
900 francs was very small indeed when
there were five million other persons,
and sometimes ten of them, to take
part in the drawing, and this fonanes
of the public for lotteries began tocol
off considerably. Nevertheless, the
Minister of the Interior confines to
grant these permissions to hold
drawings and sometimes there
are as many as 100000 tickets
on the market at once. 1t is this
tremendous competition which has n
up commissions from 25 to 50 per cent
to 40 and so, and in some cases EVENT.
60. No one can make me believe that
a grand prize will ever be won honesty
from a CONCERN that pays more than
half of its gross receipts away to gen.
cral agents.
Apropos, here is the lottery system
Italy as recently explained to me, Id
the ease Of the Italian Red Cross 80
ciety there have been issued 6Oo'W
bonds of % livres-that is to say. about
So each-thus furnishing the so'Ie'!
with cash capitalof Is, 900, 900 lire w.
900, o00). These bonds are to be paid
off inside Of fifty-one years by meanS@
quarterly drawings; those drawn dur
ing the first ten years are pad at ''
rate of 80 lire each, and during the SID
sequcnt years this repayment vaI0'
gradually increases until it rcacns
during the last six years the rate DIV
lire. Those who take the bonds OF
tickets are thus at least sure of gettn.
their money back soone or later w!p
n small profit; they may do 50 w'nnn
three months, or it may be that '',
will have to wait tifty-one years a'a
during that period they have as
" chance to win one r.
several prizes-one OF s'"
lire (S100, 000), one Of 2oo,oW l'
$40, 0O0), of 100000 lire (s3o'"",
four Of 100, 900 lire (S20,0 00) each anu
n great many other smaller oaes-M
of which are drawn at different l'~'
during the iifty-one years, ms eU",
bination was so favorably rccc'%
by the public that the bonds weFem
placed at a q premium of Il per o"
by the bank which undertook thef Nv
gotiation. At that time the i'""n
public funds were yielding an lnsv %
Of AZ per cent. and it was in the 'l, .4r
of hat Government that the soV1G
IA obliged to keep its funds 'n'ss" u,
OF the income of 712,5W lire lnna
sured the society, 3OO,O 900 lire q year .al,
fees to meet the redemption OF 'ns | d,